Construction costs are currently skyrocketing

Just checked, the 10-year swap has dropped significantly today to 2.22%. That means the interest rate is starting to fall. Whether this is a trend, one cannot say at the moment. I just observe it every day.

You're more likely to see horses vomiting on flying pigs. You don't seriously believe that banks will let this business slip away so quickly because of some falling swaps, do you? In my opinion, the rapid interest rate increase before the ECB's reaction was because everything suddenly became expensive, only the banks waited too long to expand their margins. When they realized that, it went rapidly. The mortgage rates should actually only have reached where they are today (even without a fully implemented interest rate adjustment) after two interest rate hikes by the ECB. Such a rapid interest rate increase might otherwise have only been seen under conditions better left unspoken.

Actually, one could also involve the [Kartellamt] here.

You’re more likely to see horses puking on flying pigs.

You don’t seriously believe that the banks will let this business go so quickly because of some falling swaps, do you? In my opinion, the rapid interest rate rise before the ECB’s reaction was because everything suddenly became expensive, only the banks took too long to expand their margins. When they realized that, it went lightning fast. The construction loan interest rates should actually have reached where they are today (still without an actual rate adjustment) only after two interest rate hikes by the ECB. Such a rapid interest rate increase might otherwise have been seen only under conditions better left unspoken.

The banks don’t finance themselves long-term at the ECB after all. For long-term construction loan interest rates, the swap is relevant, and it changes according to the expectations of market participants. Now that the first poor economic figures are coming in, the market thinks that the measures already priced in are enough to curb inflation. If it remains stubbornly high, the next interest rate hike will follow.

Banks do not finance themselves long-term at the ECB after all. For long-term construction loan interest rates, the swap is relevant, and this changes according to market participants' expectations. Since the first bad economic figures are coming in, the market therefore thinks that the measures already priced in are sufficient to curb inflation. If it remains persistently high, the next interest rate increase will follow.

Yes, just as the diesel price is based on the oil price, that’s why I’ll stick to my statement (opinion) for now ;-)
Despite the 9€ ticket and public transport bashing, fuel costs are also rising. I’m also aware that these things have nothing to do with each other, but both situations behave similarly at the moment.

*Edit:
It is clear to me that mortgage loan interest rates are not directly linked to ECB actions, that’s not what I meant. It is the buyers’ behavior. The pain threshold apparently has not yet been reached.

Rockets and feathers is the keyword

Rockets and feathers is the keyword

Why should a concept that connects, for example, oil and gasoline prices be directly applicable to mortgage interest rates? The market there is comparatively transparent thanks to comparison portals and, due to the position of the banks and the economy, is more likely a buyer's market. Those who can still afford money will definitely be helped.